HUYA (NYSE:HUYA) Stock Price Up 15.4% – Here’s Why

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares rose 15.4% on Monday . The company traded as high as $3.86 and last traded at $3.8550. Approximately 1,156,981 shares traded hands during trading, a decline of 46% from the average daily volume of 2,131,339 shares. The stock had previously closed at $3.34.

Wall Street Analyst Weigh In

HUYA has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. Hsbc Global Res upgraded HUYA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.50.

HUYA Trading Up 7.0%

The firm has a 50-day moving average of $3.09 and a 200 day moving average of $3.17. The company has a market cap of $798.69 million, a P/E ratio of -39.72 and a beta of 0.80.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts predict that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after purchasing an additional 14,456 shares during the period. Public Employees Retirement System of Ohio increased its position in HUYA by 10.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 225,942 shares of the company’s stock valued at $795,000 after buying an additional 21,273 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares during the period. Finally, SG Americas Securities LLC raised its stake in HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after buying an additional 41,138 shares during the period. 23.20% of the stock is currently owned by institutional investors and hedge funds.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.